Crypto currency is a new science, do your homework before you put your money on the line.March 30 2014 UTC+01:00

The bear trend is in control but short term resistance at round $470; if goes down, another stop is $420. Be patient, wait for the document from Chinese government. Sources in china indicated that, appear to be true, the country‘s central bank will prohibit banks from working with digital currency exchanges. If the news release on this Monday (no one knows for sure when) , it would be a crash on the market. The price will go half , or even more. It could be a great opportunity for the arbitrage, the price difference between Chinese exchange market and others could be 20% or even more. Risky is there too, some chinese exchanges will probably announce bankrupcy during. Prepare your cash! If you are day trader, remain only 20% of your chips, wait for the better buying point. If you are believer, don’t look at the market, on the long run, it will come back eventually. Again, It is only my personal opinion. Please do your own homework!

If you think this is helpful, you could support my work at BTC:1KddAjXA8EyWdwCnEG5W67GESv3rgc3mxt

Like said, the price is going down. Be patient! If the news doesn't release on Monday, pls keep your cash in hand. no buying signal yet.

so you just analyzing or trading yourself too. If you are trading how many trades you do per day in average.

Of course I trade. I would not recommand to do much short-term day trade recently.the more trade, the bigger lost,unless you are very good at it.

Oh yeah ... I've been shorting all week long no problems, last one on stamp sold at 455 closed at 436.4

On Slow bearish market is Ok, if any bad news announced in Chinese side (right now it is only speculations, no one knows when or what) , it could be just jump down hundred dollars. It is really not worthy to take such big risk. If the news doesn’t release on Monday, you can keep doing what you do, you seem good at it. It will be continuing slow bearish.

Like said, the price is going down. Be patient! If the news doesn't release on Monday, pls keep your cash in hand. no buying signal yet.

so you just analyzing or trading yourself too. If you are trading how many trades you do per day in average.

Of course I trade. I would not recommand to do much short-term day trade recently.the more trade, the bigger lost,unless you are very good at it.

Oh yeah ... I've been shorting all week long no problems, last one on stamp sold at 455 closed at 436.4

On Slow bearish market is Ok, if any bad news announced in Chinese side (right now it is only speculations, no one knows when or what) , it could be just jump down hundred dollars. It is really not worthy to take such big risk. If the news doesn’t release on Monday, you can keep doing what you do, you seem good at it. It will be continuing slow bearish.

sorry nothing personal, but that is some major problem here. So many smart guys who talk TA and know little how to trade and make money.

here is example how I trade during few last hours on stamp

sold btc at 455 ---> closed at 436.4 ---> sold 459 ---> in fiat will continue.

Crypto currency is a new science, do your homework before you put your money on the line.March 31 2014 UTC+01:00

Because china is 6 hours ahead, if any news released would be midnight in Central Europe . Then make sense to write my forecast for tomorrow now. Bitstamp Price is @ 460 at this moment, It will be all downhill from here, the price fell all the way to 420 and 400 the key support level. The next support @ 260. (On the Assumption that bad news from china will not be released on Monday.)If news comes, reference my forecast from yesterday. Very interesting this afternoon, big sale 10000+ coins sold on bitstamp leading the fall(not OKcoin or Huobi?).

Again, It is only personal opinion. Please do your own homework!

If you think this is helpful, you could support my work at BTC:1KddAjXA8EyWdwCnEG5W67GESv3rgc3mxt

sorry nothing personal, but that is some major problem here. So many smart guys who talk TA and know little how to trade and make money.

here is example how I trade during few last hours on stamp

sold btc at 455 ---> closed at 436.4 ---> sold 459 ---> in fiat will continue.

[/quote]

That's partially true, you are your own worst enemy. It is easy to tell others how to do. but in this case. I have already sold my 80% coins. just wait for the right moment. There are some supporting levels can do short. Like $470, it already been tested several times. next is $400

Very interesting this afternoon, big sale 10000+ coins sold on bitstamp leading the fall(not OKcoin or Huobi?).

In your opinion then, do you think that the price fluctuations seen on exchanges are being led by activity on Bitstamp?

Currently as someone looking to increase their bitcoin holdings I'm looking for opportunities to buy cheaply and in bulk. Coins at the moment are very cheap in my opinion so I've already made some purchases, but if there's a chance that 260 or even 400 might be tested I'd be willing to take a chance on the possibility of that event occurring.

Very interesting this afternoon, big sale 10000+ coins sold on bitstamp leading the fall(not OKcoin or Huobi?).

In your opinion then, do you think that the price seen on exchanges are being led by activity on Bitstamp?

Currently as someone looking to increase their bitcoin holdings I'm looking for opportunities to buy cheaply and in bulk. Coins at the moment are very cheap in my opinion so I've already made some purchases, but if there's a chance that 260 or even 400 might be tested I'd be willing to take a chance on the possibility of that event occurring.

Must be some one heavily sell their coins. Who is, I don't know, just interesting. Now should be Chinese exchanges decide how the price goes. If you r long term investor. Yes, the coins now are cheap. It will be cheaper.

Crypto currency is a new science, do your homework before you put your money on the line.April 1st 2014 UTC+01:00

The Chinese central bank has not yet issued a formal response. However PBOC official Zhang Niannian took to his Sina Weibo account on 28th March, to compare bitcoin exchanges to casinos. Hours ago, new rumor comes out that china will ban bitcoin exchanges. If anyone can read Chinese, there is an interesting article to expose the inside information. http://www.weibo.com/p/1001603694350784662797Nothing more, refer my forecast yesterday and the day before. Between 430+,470- can do short, buy low sell high.

For someone cannot wait. gradually start buying during a month period, although the market is very bearish, If reach your price, you can open a light position every day . It will go up only the matter of time.

Again, It is only personal opinion. Please do your own homework! If you think this is helpful, you could support my work at BTC:1KddAjXA8EyWdwCnEG5W67GESv3rgc3mxt

Hi, I can't read Chinese.Could you write down the important things in that Chinese version of twiter.

thanks

This article is from a famous bitcoin reporter and blogger from Chinese bitcoin circle. She mentioned that the crisis is unprecedented this time, highly likely government will ban Chinese bitcoin exchanges and she listed the reason why they deserve to die. She could already got some inside information to dare write an article like this. She is more or less a friend to all founders of top Chinese exchanges.

At 12:06 local time, Bter, one of China’s larger Bitcoin exchanges, posted an announcement to its website announcing a temporary suspension of deposits. What’s more is Bter cites official regulation that they were just informed of, as the ultimate reason for this incredible convenience to its users. Bter not only offered RMB to BTC markets but also RMB to LTC, Dogecoin, Auroracoin, and even Counterparty (XCP). Many Bitcoiners on both sides of the Pacific are wondering if other Chinese Bitcoin exchanges will soon follow suit and suspend CNY deposits. In the meantime, CNY withdrawals, as well as all digital currency withdrawals, are still active.

Bter has clarified that the notice came from their 3rd party payment processor, and that they never used a bank to begin with, so they aren’t sure how Chinese exchanges with banks will be effected.

Is it taken into an account that Chinese will still be able to trade bitcoins? Nothing has changed in fact. Business in China is already raped and cant take bitcoin as a payment, now the Chinese banks wont allow to deposit money. However, the deposit problem is sorted out already. Additionally, everyone already expects a bitcoin to be banned...

or, i am overthinking this issue.

P.s. Day trading is like a gamble to me, so I just drink wine, keep correcting students works and HODL!